LinkedIn to sell shares for $32 to $35 each in IPO (AP)
NEW YORK – Professional networking website LinkedIn Corp. plans to delude shares to investors for $32 to $35 apiece in an initial public offering.
The consort says the substance could raise up to $274.4 million. LinkedIn estimates that its gain proceeds, supported on an commercialism price of $33.50 per share, would be most $146.6 meg after expenses.
LinkedIn, with 100 meg members, is one of the prototypal field U.S. ethnic networking websites to equipment up for an IPO. Its entry could pave the artefact for Facebook, Groupon and another Internet companies.
LinkedIn module offer 4.8 meg shares. The company's stockholders, including originator Reid Hoffman, Bain Capital, nihilist Sachs and business consort McGraw-Hill, organisation to delude 3 meg shares.
LinkedIn is supported in Mountain View, Calif.
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